President Obama was re-elected last night with an impressive margin in the electoral college. The popular vote margin was much narrower, but it looks like he’ll be over 50% with roughly a 2 point margin.

I’ll have much more to say about this, but most of us will acknowledge that this was a very important election. The pundits liked to mock both campaigns for not discussing big issues, but that truly missed the point. Both sides offered very different paths for our future, and most voters understood the profound differences.

With an Obama victory, his signature accomplishment from his first term, health care reform, will now be fully implemented. Mitt Romney would have either repealed or gutted Obamacare, but now the notion of universal health care will be cemented as part of the social compact. We’ll all have to wait and see how Republicans react to Obama’s victory, but hopefully on health care we’ll see a shift away from a reflexive attempt to overturn Obamacare to constructive negotiations to improve it and cut medical costs in general. We’ve heard Republicans pontificate for years about malpractice reform. Perhaps now we’ll actually get some constructive proposals.

We may have a continuation of the political wars, but now we know that any deal will have to be more balanced than the GOP plan of just hacking away at spending on the elderly and the poor. We’ll see how that plays out.

It will also be interesting to see if some conservatives will break out of the right wing media bubble. Conservatives were told to ignore the poll numbers that pointed to an Obama victory, and that the “real” numbers would lead to a Romney landslide. These projections were pure fantasy, just like the Romney/GOP budget numbers that claimed you could miraculously balance the budget by slashing taxes. We live in a divided country and many on both sides are guilty of just listening to their own partisan news sources, but the dogma and partisanship on the right has become absurd. Even respectable pundits like George Will and Micheal Barone drank the Cool Aid and ended up looking just as clueless as partisan hacks like Dick Morris with their predictions of the Romney landslide.

Finally, conservatives and Republicans need to stand up to the lunatic fringe. You can’t encourage the crazies on your side, and then lament when idiot candidates like Richard Mourdock and Todd Akin say stupid things about rape and abortion. You can’t cater to the haters who demonize illegal immigrants and then complain that you got crushed by the Latino vote. We’ll see if there’s anyone in the GOP who has a spine. Chris Christie is an obvious candidate as he’s called out the crazies before, but now he’s on serious probation with the right for saying something nice about President Obama. Perhaps Marco Rubio can help on that front. We can expect serious fireworks within the GOP as they hash out these issues. If they don’t work it out, I’ll be happy to see them forfeit the Latino, African American, Asian and much of the female vote in future elections.

This endorsement is a big deal. Also, see what Powell says about Mitt Romney and how he’s all over the place on foreign policy. That confirms everything President Obama has been saying about Romney and his constant flip flops.

This is going to be a tough campaign season. Both sides are going to level harsh attacks at one another, and many of us will become sick of it as the campaign season moves on.

President Obama has certainly gone negative as he makes Bain and Mitt Romney’s business record an issue, and Romney and the right wing super pacs are being very tough on Obama over the economy.

But it’s rather pathetic, and perhaps a little desperate, when a campaign takes a string of words completely out of context in order to distort what a candidate said. That’s what’s going on with the “you didn’t build that” line of attack against Obama, implying that he said entrepreneurs didn’t build their own business. When you read the entire context of what Obama said, he was clearly referring to the roads an bridges built by society. See the video above as well.

Hopefully we’ll see Obama address this on the stump in a mocking tone of how desperate Mitt has become.